Digg getting a complete redesign once again, hoping to get back its users

The social bookmarking website "Digg" is planning a complete redesign of the website, which was popular among the people because of it's new innovative features and ideas. The company was aquired by the Betaworks (parent company to bit.ly, other startups) only two weeks ago.

Betaworks announced that it will launch it's new rebranded website on August 1st, this year. We are learning the crowd-sourced news aggregator is posied to relauch via their blog post on the website. The 10-person engineering team promises an overhaul of the site, once a litmus test for what was popular on the internet.

Most interesting perhaps, is the revelation that while Digg will not be a rebadged version of New.me, the aggregation app already owned by Betaworks, the two services will eventually be folded into one product.

The team doesn't disclosed much about the new design or what other changes there will be, but they does indicate that the new design will have the features that News.me already has. The little information provided by the team shouldn't be much of the issue because you only have to wait for another 2 weeks for the relaunch.

What do you think? Digg could turn up into an another myspace being remolded again and again? or it has potential to get its position over the other new news aggregator websites?